Three Months Ended

Nine Months Ended

September 30,

2024

2023

2024

2023

(In thousands, except per share data)

Numerator:

Net income

$

1,267

$

2,729

$

2,191

$

6,999

Less: Income allocated to unvested participating securities

39

41

69

105

Net income available to common shareholders

$

1,228

$

2,688

$

2,122

$

6,894

Denominator:

Denominator for basic earnings per share — weighted average shares

6,075

6,032

6,070

6,031

Effect of dilutive securities:

Common stock equivalents

—

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

6,075

6,032

6,070

6,031

Earnings per share:

Basic

$

0.20

$

0.45

$

0.35

$

1.15

Diluted

$

0.20

$

0.45

$

0.35

$

1.15